On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajesh Jain of Religare Securities and Nooresh Mirani of AMSEC Research, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
Manas Jaiswal of manasjaiswal.comMy first pick is Orchid Chemicals. After making a good base near to Rs 170 the stock bounced back sharply and broke the resistance of Rs 180. On the daily chart it is making triangular pattern, so now in next 1-2 trading sessions the stock can test Rs 197. One can buy the stock at current levels with a stop loss of Rs 178. Indraprastha Gas was trading in the range of Rs 360-370 for last 8-9 trading sessions but yesterday it gave a bullish breakout. So possibly stock can test Rs 392 which is its January high. So, one can buy the stock at current levels with a stop loss of Rs 362.
Rajesh Jain of Religare Securities GMR Infra closed sharply higher on good volumes. Even the market was on a good short covering rally along with good volumes. One can buy the stock at its current price keeping a stop loss of Rs 30 for target of Rs 33.
Dr Reddys has been holding on to near its higher levels for quite some time and is now ready for a break on the higher side. One can buy the stock at its current price keeping a stop loss of Rs 1660 for higher target of Rs 1720.
Nooresh Mirani of AMSEC Research
Buy Infosys with a target price of Rs 3000 and a stop loss of Rs 2820. Yesterday the stock has given a triangle breakout and sustaining above Rs 2900 in the day could take it to Rs 3000 in extreme short term. Any dips to Rs 2850 would be a buying opportunity if it comes.
Buy Orchid Chemicals with a target price of Rs 195 and a stop loss to be placed at Rs 178. Yesterday the stock has given a triangle breakout as well as it is about to cross its major moving averages. Also the volumes have picked up yesterday indicating it could be a short term move.
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